B.—l [FT. IV, Sup.].

WESTPORT HARBOUR ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1928. Expenditure. £ s. d. Income. £ s. d. To Dredging .. .. .. .. 13,344 10 2 By Special coal rate .. .. .. .. 31,162 17 2 Protective works .. .. .. .. 11,984 18 3 Endowment revenue .. .. .. 22,287 8 10 Harbour maintenance .. .. .. 4,169 15 0 Port dues .. .. .. .. 8,496 11 9 Working-expenses of tug .. .. .. 2,569 18 10 Sale of surplus stores .. .. .. 658 4 9 Office administration .. .. .. 1,762 13 8 Interest on investments .. .. .. 3,219 5 6 Endowments—-Administration expenses .. 1,020 12 1 Hire of plant .. .. .. .. 23 0 0 Audit fees .. .. .. .. 38 3 6 Rent .. .. .. .. .. 45 10 0 Compensation for accidents .. .. 31 5 2 Miscellaneous receipts .. .. .. 16 10 1 Retiring-allowances . . .. .. 93 5 0 Superannuation subsidy .. .. .. 127 11 10 Grant to School of Mines . . .. .. 25 0 0 Depreciation .. .. .. .. 3,01710 Interest on loans .. .. .. .. 23,525 14 3 Balance carried down .. .. .. 4,198 19 4 £65,909 8 1 £65,909 8 1 £ s. d. £ s. d. To Transfer to Sinking Fund .. .. .. 4,117 12 10 By Balance brought down .. .. .. 4,198 19 4 Transfer to Harbour Maintenance Reserve .. 81 6 6 £4,198 19 4 £4,198 19 4 Balance-sheet as at 31st March, 1928. Liabilities. Assets. £ s. d. Loan capital— £ s. d. £ s. d. Eastern breakwater .. . . .. 202,142 0 0 Westport Harbour Board Act, Western breakwater .. .. .. 163,545 0 0 1884 .. .. .. 58 16 6 Training-walls .. .. .. .. 102,998 0 0 Westport Harbour Board Act, Limestone quarry .. . . . . .. 128 0 0 1884, and Loan Acts, 1896, Protective works and relief channel .. .. 9,041 12 4 1897, and 1900 .. .. 294,117 12 11 Floating basin .. .. .. .. 73,575 0 0 Westport Harbour Board Loan Gridiron .. .. .. .. .. 2,196 0 0 Act, 1908 .. .. 117,647 1 2 Dredge wharf .. .. 2,790 0 0 Finance Act, 1921, section 4.. 106,884 16 1 Martin's Island .. .. .. .. 700 0 0 — 518,708 6 8 Harbour buildings .. .. .. .. 4,619 0 0 Reserve Account .. .. .. .. 97,329 6 2 Dredges, tug " Mana," &c. .. ... .. 25,383 7 0 Sinking Fund Reserve .. .. .. 129,382 11 5 Stock and stores .. .. .. .. 6,901 10 3 Depreciation Reserve .. .. .. 21,107 510 Sundry debtors — £ s. d. Harbour Maintenance Reserve .. .. 15,918 15 10 Accrued interest .. .. 289 5 7 Sundry creditors — £ s. d. On open account .. .. 5,941 16 11 Payments in advance .. 469 12 7 —• 6,231 2 6 Accrued interest .. .. 3,577 14 11 Sinking Fund investments .. .. .. 129,382 11 5 On open account .. .. 647 1 6 Temporary investments .. .. .. 56,000 0 0 —— 4,694 9 0 Cash— £ s. d. In Public Account .. 1,448 14 11 With High Commissioner, London 58 16 6 1,507 11 5 £787,140 14 11 £787,140 14 11 G. C. Godfrey, Secretary. ,T. E. Engel, A.R.A.N.Z., Accountant. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—G. F. C. Campbell, Controller and Auditor-General.

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